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Home > Finance > US official denounces EU's fine of Musk's X, says Europe is taxing Americans

US official denounces EU's fine of Musk's X, says Europe is taxing Americans

Published by Global Banking and Finance Review

Posted on December 8, 2025

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(Refiles to add story identifier for some readers, no change to content of story)

WASHINGTON, Dec 5 (Reuters) - The chairman of the U.S. Federal Communications Commission denounced the EU's fine of Elon Musk's social media company X on Friday for breaching EU online content rules.

"Once again, Europe is fining a successful U.S. tech company for being a successful U.S. tech company," FCC Chairman Brendan Carr said in an X post. "Europe is taxing Americans to subsidize a continent held back by Europe’s own suffocating regulations."

(Reporting by Katharine Jackson and Doina Chiacu; editing by Susan Heavey)

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Home > Finance > US official denounces EU's fine of Musk's X, says Europe is taxing Americans

Finance

US official denounces EU's fine of Musk's X, says Europe is taxing Americans

Published by Global Banking and Finance Review

Posted on December 8, 2025

(Refiles to add story identifier for some readers, no change to content of story)

WASHINGTON, Dec 5 (Reuters) - The chairman of the U.S. Federal Communications Commission denounced the EU's fine of Elon Musk's social media company X on Friday for breaching EU online content rules.

(Reporting by Katharine Jackson and Doina Chiacu; editing by Susan Heavey)

Russian billionaire Potanin acquires minority stake in cloud provider Selectel

Italy's state railway teams up with Certares fund on high-speed trains abroad

Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon

Russian factory activity shrinks at fastest pace since March 2022, PMI shows

European shares flat as basic resources gains offset defence losses

China stages record drills designed to encircle Taiwan

Central bank chief urges Austria to rethink Mercosur deal opposition

Bulgaria prepares for the euro amid excitement and scepticism

Exclusive-India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say

Explainer-Why the Dutch pension fund reform matters for markets

Stocks head for year-end record on Fed rate cut bets

Inside Beijing's bid to tame the global iron ore market

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